Dec 5, 2012 3:00am PST
the fiscal cliff. right after the election wall street dropped 5% when everybody suddenly focused on the fiscal cliff and realized that this was a problem. but since then it's kind of bumped along at this sort of level. i don't think wall street is at all sanguine about the idea that if we went over the fiscal cliff, life would go on as we know it and everything would be fine. >> one of the things that was really interesting to me to bear out that point is ken conrad yesterday who's been so down, i mean, he's leaving the senate. he's done this for seven years. they can't produce deals. and yesterday when i interviewed him, joe, he said i think we're going to make this. i think the boehner offer had significant indicators that something here is going on, and they're going to come together. >> also, kent conrad, a guy -- i've loved him for a long time, deficit hawk. they haven't allowed him to put a budget out for years. he's growing frustrated. i'm sure he's going to be glad to leave. but i was surprised by that as well. you see also, sam stein, republicans are now starting to real
Dec 4, 2012 4:00am PST
can get this sorted out, you can really move forward, and therefore, i think now that your elections are out of the way, i'm just speaking as an outsider, now your election is out of the way, there's going to be all this bargaining and positions, but my expectations, i hope, and the desire of the world, is sorted out, and we can move on, and then sort our own problems out. >> for those of us in the united states, we see sort of what seems to be two intractable issues. republicans saying we will not raise taxes on the top 2% of earners. the democrats say we're certainly not going to have cuts that hurt spending cuts that hurt the middle class. and as the proposals go on the table they seem intractable on it. >> they do. but you would expect them, the republicans to be more on the tax side and democrats to be more on the we're not cutting spending side. this is pretty routine type of argument. the question is, you know, are they so far apart they can't bridge the gap? i think they could bridge the gap. you know, there have been proposals put forward on a cross-party basis before that v
Dec 7, 2012 7:00am PST
an election. the conservatives are likely to take power. and support nuclear power once again. that's likely to cause gridlock in the parliament, send demonstrators in the streets. back to you, charlie and norah. >> lucy craft, thank you. >>> back here in washington there is little movement toward a compromise to avoid the fiscal cliff. there are just 25 days until the deadline. officials are saying the negotiations are now in the had hands of two men, president obama and house speaker eer jo boehner. bill plante is at the white house. good morning. >> reporter: good morning. and good morning in the west. the president has stepped up his rhetoric, warning failure to fix the fiscal crisis could sour the christmas season. as another day passed without any real progress, president obama ventured out to push his claim that the middle class will suffer. ♪ you better watch out you better not cry ♪ >> at the national christmas tree lighting, president obama joined the holiday mood. but earlier, visiting a middle class virginia family, he threatened that congress could ruin the christmas season
Dec 5, 2012 7:00am PST
health care was in the news and also, of course during the last stages of the election. >> this is the first time you've chosen words the year, right? two words paired. >> what we see is that socialism had larger number of look ups but what we saw when people looked up socialism they went and compared that definition with capitalism and i want shows really a pairing of a kind. >> what were the runner up? >> there were runner ups that came from the election also. the word malarky. one of the biggest spikes when vice president biden used that. schadenfreude, the german word for damage and joy, taking pleasure in somebody else's sadness. and the word meme because of all the internet meme that came out of the deaf bait, hillary clinton's texting earlier in the year. >> think it's so interesting that socialism and capitalism came up as the words the year because the president was branded as a socialist so people were looking to the actual definition. clearly you saw a huge uptick in online searches. >> what's great about having the dictionary online the data floss two ways.